US stock market is in " euphoria mode "
Fear of missing out is rampant
This warrants extreme caution as you may be the last buyer in this runup...
Sometimes It IS wise to " reduce exposure " or sit it out until it cools down....
Any pullback to " support " IS the right entry point....
What is the right entry point...It IS 5 day, 10 day, 20 day, 50 day or 200 day...take your pick..
Many stocks are showing WILD INTRADAY SWINGS that can be the entry point @ low of the day in this WILD UPSWING.....
Technical Knowledge is CRITICAL in this fast moving market where " support & resistance " can be done in 15 minutes....
Here is how my last week ended :
Last week UP 53.70%
YTD UP 69.46%
Here are weighting of my portfolio on 112% exposure :
SLVR 37.61%
CIEN 31.49%
ARMG 10.04%
TSLL 9.56%
BTCC 5.95%
HOOD 5.35%
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Salem,
AMAZING last week for profits added to the yearly gains. Hopefully, it will continue this week :-)
Simon
Hi Stocktrader & Simon,
Bought SNDU @ $123
Bought MUU @ $598
All bought around 2 past midnight session
Saleem
Hi Saleem,
A week for the ages!! Incredible returns in just a week and yes, probably warrants some cautiousness after, but you deserve the break!
Good luck with new semi exposure!
Stocktrader
Hi Saleem,
Last week: -19.35% (YTD: -7.72%)
Portfolio Leaders: CODA GLUE
Portfolio Laggards: SOXS BFLY HUBS NSSC
The week where everything went wrong... the SOXS kept dropping, many of the single stocks plummeted, and I sold the one potential good winner I could have had (RKLB). I still kick myself for initiating the SOXS without enough thought, and then doubling down when the semiconductor earnings came fast and furious and were blowout. That all said, I'm only down 8% on the year, which isn't a disaster, and so I think about the slate fresh and go from there. I plan to keep the SOXS from here as I do think *finally* the semis are stretched too far without any fresh news to power them, but then plan to sell it off to invest in other ideas, mostly commodities like copper and energy. I think FCX ENPH ASPI are my best ideas right now.
Holdings: SOXS(46%) GLUE ANRO CODA BFLY NNOX, cash 0%
Stocktrader
Hi Saleem,
Sold ANRO @ 25.08
Sold GLUE @ 20.45
Bought 2x FCX @ 64.76
With interest rates rising and catalysts passed, I sell ANRO and GLUE for now in favor of my new favorite idea, copper exposure: FCX.
Stocktrader
Hi Stocktrader,
Good luck with FCX
Saleem
Good luck with 2x FCX..
Simon
Might sell half of FCX tomorrow to buy ASPI. The helium part really interests me.
Post a Comment